Smallcap SME inventory: Firm mulls fund increase, fixes date for board assembly

Shares of Cellecor Devices, a small-cap inventory listed on NSE Emerge, a platform for SME corporations, are anticipated to be in focus subsequent week as the corporate has knowledgeable exchanges that its board will meet on April 16, 2025 to debate the corporate’s monetary outcomes for the fourth quarter (This fall) of the fiscal yr 2025 (FY25) and suggest a funding of Rs 100 crores via the issuance of securities.

“The Board assembly is meant to contemplate the expenditure and funding plans regarding the enterprise development and enlargement plan, fund development of as much as ₹100 crore via issuance of securities by permissible means, topic to crucial regulatory approvals,” the corporate mentioned in an alternate submitting.

Delhi-based Cellecor Devices, which was included in 2020, is engaged within the procurement, branding and distribution of client electronics.

Throughout Monday’s buying and selling, Cellecor Devices shares ended the session at round 6.03 per cent decrease at Rs 56.15 on the NSE.

Inventory markets crumbled on Monday with benchmark Sensex sinking by 2,226.79 factors – its steepest single-day decline in 10 months – as a world market carnage following US President Donald Trump’s tariff hikes and retaliation from China fanned fears of financial slowdown.

The 30-share BSE Sensex crashed 2,226.79 factors or 2.95 per cent to settle at 73,137.90, recording its third day of decline. In the course of the day, the index slumped 3,939. 68 factors or 5.22 per cent to 71,425.01.

The NSE Nifty tumbled 742.85 factors or 3.24 per cent to settle at 22,161.60. Intra-day, the benchmark dropped 1,160.8 factors or 5.06 per cent to 21,743.65.

All Sensex shares, aside from Hindustan Unilever, ended with losses. Tata Metal fell probably the most by 7.33 per cent adopted by Larsen & Toubro which cracked 5.78 per cent.